INEOS Completes Divestiture of Sulphur Chemicals Business

Intermediary chemicals manufacturer INEOS has concluded the divestiture of its Sulpher Chemicals business to the International Chemical Investors Group’s fine chemicals platform WeylChem, the firm announced in a recent release.

“The business is an attractive addition to WeylChem’s advanced intermediates and reagents portfolio that will help secure future development and growth, to meet customer needs in Europe,” the chief executive officer of INEOS Enterprises, Ashley Reed, said in a statement.

The Sulpher Chemicals business is the biggest producer of sulphuric acid and oleum in Spain, serving a variety of end-users from chemical intermediates to agriculture from its 400,000-tn manufacturing location in Bilbao.

After ownership of the business is transferred, it will become join WeylChem’s advanced intermediates and reagents portfolio. 50 INEOS workers at the Bilbao plant will remain in place. WeylChem currently operates a sulphuric acid and oleum plant in LaMotte, France.  

“This acquisition underlines our commitment to bolstering our position as a strategic partner in advanced intermediates and reagents. INEOS Sulphur Chemicals and our French operations at WeylChem Lamotte complement each other perfectly. This combined business will be an agile, customer-focused player with superior services and supply certainty provided to demanding customers across Europe.”